Conventional Loan Programs

HOME LOANS

An adjustable-rate mortgage(ARM), popularly called a variable-rate mortgage, has an interest rate that may change regularly depending on various changes in an underlying or corresponding financial index that is associated with the loan. RCD Capital offers adjustable mortgage rates by year that can save you money on interest. Usually, your monthly payment will either decrease or increase if the index rate decreases or increases.

ARM mortgages are often named according to the length of time that the interest rate stays fixed and how frequently the interest rate is subjected to adjustment thereafter.

A 10 year fixed rate mortgage is a home loan in Texas you can pay off in ten years. These mortgages maintain the same interest rate and monthly payments(excluding changes in insurance and taxes) over the 10 year loan term. While you can secure a ten-year fixed mortgage in order to buy a home, these products are most popular for refinances.

Although most mortgage loans have terms of 15 or 30 years, a homeowner who wants to pay off his loan faster may take full advantage of a ten-year mortgage.

A 15 year fixed rate mortgage is a home loan in California with a fixed repayment period of 15 years. The interest rate on these mortgages remains the same throughout the term of the loan. These loans meet the rules and guidelines established by the FNMA(Federal National Mortgage Association).

Like other kinds of mortgages, you can use a 15 year fixed mortgage from RCD Capital to buy property. Many people get a fixed-rate mortgage to purchase their primary residence. On the other hand, some obtain it to purchase a vacation home.

A 20 year fixed rate mortgage is a home loan with a 20 year loan term. The interest rate remains the same for the entire duration of the loan. Did you know that the 20 year fixed mortgage offers many unique benefits?

This makes it an attractive solution for purchasing or refinancing a home. And like the 30 year fixed-rate mortgage loan, a 20 year fixed mortgage also offers the security and peace of mind of a fixed rate as well as consistent payments. This makes it an excellent choice for most first-time homebuyers.
Are you trying to determine whether or not a 20 year fixed mortgage is the best loan option for you? Our specialists can help!

A 30 year fixed mortgage is the most popular mortgage loan option in the US. It has a repayment period of 30 years. Note that if you qualify for a 30 year fixed mortgage, you will make the same payments over the course of 30 years to pay for your home. It is an excellent option for you if you: • Would like to keep your monthly payment low and enjoy the stability of a fixed interest rate • Want to get approved for a larger loan • Intend to stay in your current home for the long-term

FHA LOANS

FHA loans generally are ideal for Mid to FHA loan requirements.

Low-income borrower. The borrower can borrow 96.5% of the total value of the home. It does not require a large down payment. Only 3.5% is required as a down payment. This means it is a great option for first-time homebuyers. The down payment can come from the borrower’s retirement plan, and government grants as well. These loans are insured by the Federal Housing Administration.

VA LOANS

A VA loan is a mortgage loan that created by the United States Department of Veteran Affairs. These loans were created to help veterans achieve the goal to purchase a home. The loans do not originate from the Department of Veteran Affairs. The VA instead set up guide lines on who qualifies and the terms of the Mortgage loans borrowed. Also they insure the loans against default. Unlike other Federal Housing loans for example (FHA loans). The borrower of a VA loan is not required to have a down payment, VA loans cover 100% of the value of the home. The borrower must show proof of their eligibility for the loan to qualify.

REVERSE MORTGAGE

A reverse mortgage for California is a kind of loan that allows homeowners in the US who are 62 and older, usually who have paid off their mortgage, to easily borrow a part of their home’s equity in the form of tax-free income.

Borrowers choose reverse mortgages because they allow them to remain in their homes, provided they meet all the loan terms and provide funds that can considerably supplement their retirement income.

As the leading reverse mortgage lender, RCD Capital helps elder Americans successfully finance and enjoy their well-deserved retirements.

USDA LOANS

A USDA loan is a special mortgage ideal for low-income and moderate-income homebuyers. It is a zero-down payment mortgage loan for eligible rural homebuyers. Note that USDA home loans are issued through the USDA loan program. USDA loans can help make buying a home more affordable for people living in rural areas.

You must use the USDA home loan to purchase a home in a designated area that covers many rural and suburban locations.

JUMBO LOAN

If the borrower is asking for a mortgage loan that exceeds national conforming loan limits. The jumbo mortgage loans are high in risk. So they are not backed by any government institutions. And yield slightly higher interest rates due to risk assumed by the lender.